Bangladesh’s lift market is rapidly growing, valued at about Tk 12 billion and dominated by imports (70%) with two local players, Pran-RFL Group and Walton, holding about 30% combined. Industry insiders warn the market is largely unregulated, posing safety risks and accident hazards, despite imports from Finland, Spain, and China and local assembly using mixed parts. Local manufacturers argue for regulation and safety standards, noting the essentiality of lifts in modern buildings. Property Lift (Pran-RFL) has invested Tk 2 billion in a factory with a 170-unit capacity but currently produces around 100 units. Pran-RFL MD RN Paul asserts compliance with global standards and plans to export from 2026 to neighboring, Middle Eastern, and African markets, actively participating in international lift fairs. The market is concentrated in Dhaka and Chattogram; cheaper locally made lifts (about Tk 700,000 less per unit) could drive demand in other cities as production scales. A six-person lift costs roughly Tk 1.8–2.0 million locally versus Tk 3.0 million for imported equivalents. Passenger lifts dominate, with demand also for cargo lifts, hospital, capsule, hydraulic, home, and dumbwaiter lifts. (ICE NEW DELHI)

Fonte notizia: Financial Express